Will you chip in $2 to help us stop Rio Tinto's shonky Blair Athol sale?

Posted by Peter McCallum2049.80pc on July 13, 2016

Rio Tinto has offered to sell the Blair Athol mine for $1 to a tiny mining company called TerraCom Limited.

Rio Tinto has also agreed to pay TerraCom $80 million in cash if they agree to take over the rehabilitation liability.

Why would Rio Tinto give away a mine and $80 million in cash in exchange for $1? Because Rio Tinto knows that the real cost of cleaning up the mess they have left behind at Blair Athol is more like $200 million to $300 million.

We want to highlight the absurdity of selling a coal mine for $1 by making Rio Tinto a better offer. With your help we can offer Rio Tinto $2,000 or more, to buy the mine and receive the $80 million cash they have offered TerraCom.

Of course our offer would be on the condition that Rio Tinto agrees to pay the full cost of rehabilitation if it exceeds $80 million.

And if Rio Tinto fails to accept our cash offer we will use any donations to help fund our ongoing campaign to ensure that they can’t offload their responsibilities to restore the mine to what it was before mining commenced.